In our latest closed-end fund webinar, held earlier today, Morningstar Closed-end Fund Strategist Mike Taggart discussed some of the reasons why CEFs trade at a discount to their net asset value (NAV) and how investors should avoid value traps. Taggart also responded directly to listeners' questions about how to measure discounts, discount trends among various sectors, and and the best methods of assessing funds' discounts.
Listen again to the webinar and view the accompanying slides by clicking 'Play' below. If you are not already a BrightTALK member you will need to first register--registration is fast and free, and need only be completed once.
As well as this webinar, we are also releasing two additional CEF Solutions this week, to further assist in the understanding of discounts and premiums. Among them, Relative Discounts & Premiums explains why these are a better measure than absolute discounts and premiums for assessing CEFs and how, as a result, they can help to reduce the chances of a bad investing experience by setting more realistic investor expectations.
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